Notice Details

Title: U.S. Small Cap Active Equity

Contract Award Hearings

Section

Comptroller (OOC)

Agency Name

Asset Management

Agency Division

The David N. Dinkins Municipal Building
1 Centre Street
New York, NY 10007

Event Location

10/15/2019 10:45 AM

Event Date and Time

10/2/2019

Publication Date

Public Hearings

Notice Type

Description

NOTICE IS HEREBY GIVEN that a Public Hearing will be held in the Municipal Building, 1 Centre Street, Room 800, on October 15, 2019 at 10:45 AM on the following items:

IN THE MATTER OF nine proposed investment management agreements for U.S. small cap active equity between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and the following Contractors listed below:

Contractor Name	Address and Location of Work	Value	PIN
Brown Capital Management, LLC	1201 North Calvert Street Baltimore, MD 21202	$25,311,000	015-188-205-02 QS
Cooke & Bieler, L.P.	1700 Market Street, Suite 3222 Philadelphia, PA 19103	$15,062,000	015-188-205-03 QS
Dalton, Greiner, Hartman, Maher & Co., LLC	565 Fifth Avenue, Suite 2101 New York, NY 10017	$3,807,000	015-188-205-04 QS
PanAgora Asset Management, Inc.	One International Place, 248^th Floor Boston, MA 02110	$10,180,000	015-188-205-05 QS
Pzena Investment Management, LLC	320 Park Avenue, 8^th Floor New York, NY 10022	$6,899,000	015-188-205-06 QS
T. Rowe Price Associates, Inc.	100 East Pratt Street Baltimore, MD 21202	$5,521,000	015-188-205-07 QS
Wasatch Advisors, Inc.	505 Wakara Way, 3^rd Floor Salt Lake, UT 84108	$12,074,000	015-188-205-08 QS
Wellington Management Company LLP	280 Congress Street Boston, MA 02210	$5,273,000	015-188-205-09 QS
William Blair Investment Management, LLC	150 N. Riverside Plaza Chicago, IL 60606	$6,532,000	015-188-205-010 QS

The term of all the contracts listed above will commence on or about December 1, 2019 and will end on September 30, 2022. It is anticipated that the contracts resulting from this Search will be for an initial term of three (3) years with one or more renewal options up to an aggregate of an additional six (6) years.

The proposed contractors were selected pursuant to an Investment Manager Search Method in accordance with Section 3-15 of the Procurement Policy Board (PPB) Rules.

Draft copies of the proposed contracts or excerpts thereof can be seen at the Office of the Comptroller, 1 Centre Street, Room 800, New York, NY 10007, Monday through Friday excluding holidays commencing October 2, 2019 through October 14, 2019 between 10:00 A.M. and 5:00 P.M.